Macron, Trump rush to secure maritime trade as Iran blocks Strait of Hormuz: What steps have US and France taken?

French President Emmanuel Macron on Tuesday directed France's nuclear-powered aircraft carrier to set for the Mediterranean from the Baltic Sea to help protect assets amid the war in the Middle East involving the United States, Israel and Iran.

The Charles de Gaulle aircraft carrier will go to the Mediterranean while being escorted by frigates and its air wing, Macron said in a prerecorded speech on French television.

This comes at a time when US President Donald Trump rushed to announce that his country will take “immediate steps to safeguard maritime trade” as Iran blocked the Strait of Hormuz.

“And we will continue this effort as much as necessary,” Macron noted.

Earlier, France, UK and Germany had said they will not involve themselves in the war in the Gulf region, which got escalated after Israel fired drones and missiles on the region. However, they said they were prepared to take defensive action to destroy Iran’s capability to fire missiles and drones.

Macron, however, said that French forces had shot down drones “in legitimate self-defense in the very first hours of the conflict, to defend the airspace of our allies, who know they can rely on us,” without elaborating on the matter any further.

In explaining the need to move France's aircraft carrier, Macron cited Monday's strike on a British air force base on Cyprus, adding that Cyprus was a member of the European Union with which France has recently signed a strategic partnership.

“This requires our support," Macron said.

The closure of the arterial route has sparked concerns over global oil prices, 20% of which passes through this small channel positioned near Iran.

In a post on Truth Social, Trump said he had directed the United States Development Finance Corporation (DFC) to provide political risk insurance and guarantees to ensure the financial security of all maritime trade, particularly energy shipments transiting through the Gulf.

“Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, travelling through the Gulf. This will be available to all Shipping Lines,” Trump wrote in the post.

He also said that if necessary, US Navy will escort these tankers through the Strait of Hormuz.

“If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz as soon as possible. No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States' ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH,” Trump said.